About: The Millionaire Mind

The Millionaire Mind is a book by American finance professor Thomas J. Stanley published in 2000. A follow-up to his earlier The Millionaire Next Door, Stanley draws upon research of America's affluent to examine the ideas, beliefs and practices of the segment of the financial elite. His findings are contrary to common belief, noting for example that high-wealth Americans typically use little or no consumer credit and tend to avoid conspicuous consumption of high-cost or high-status items. While The Millionaire Next Door focused on those with a net worth of at least US$1 million, The Millionaire Mind emphasizes those with a net worth of at least US$10 million.